MARCUS & MILLICHAP ARRANGES $91M SALE OF SELF STORAGE PORTFOLIO

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TAMPA, FLA. — Marcus & Millichap has arranged the $91 million sale of an eight-property, 7,000-unit portfolio of Best Florida Storage facilities in Florida’s Broward County. Michael Mele of Marcus & Millichap’s Tampa office represented the buyer and the seller in the transaction. The eight properties include:

· Best Storage One (115,528 square feet, 1,074 units) in Fort Lauderdale

· Best Storage Two (56,107 square feet, 740 units) in Fort Lauderdale

· Best Storage Three (104,474 square feet, 1,070 units) in Fort Lauderdale

· Best Storage Five (87,137 square feet, 1,041 units) in Lauderhill

· Best Storage Six (52,113 square feet, 346 units) in Pompano Beach

· Best Storage Seven, (88,694 square feet, 519 units) in Oakland Park

· Best Storage Eleven (220,000 square feet, 1,169 units) in Pompano Beach and Deerfield Beach

· Best Storage Twelve (100,450 square feet, 1,199 units) in Fort Lauderdale

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